Wealthsimple vs Newton: Which Crypto Platform Is Best?
Compare Canada's top crypto trading platforms. We break down fees, coin selection, staking rewards, and which one is right for you.
Wealthsimple
All-in-one finance app
Sign-up Bonus
Up to $5,000
- check_circle 140+ cryptocurrencies
- check_circle Also trade stocks, ETFs + banking
- check_circle CIRO regulated
Newton
Crypto-focused exchange
Sign-up Bonus
$25 CAD
- check_circle 60+ cryptocurrencies
- check_circle Higher staking rewards (up to 12%)
- check_circle Free e-Transfer deposits
table_chart Wealthsimple vs Newton: Quick Comparison
| Feature | Wealthsimple | Newton |
|---|---|---|
| Cryptocurrencies | 140+ | 60+ |
| Trading Fees | 0.05% - 2% | 0.5% - 1.6% |
| Staking Coins | 4 (ETH, SOL, ADA, DOT) | 7 coins |
| Max Staking APY | Up to 9% | Up to 12.1% |
| Stocks & ETFs | Yes | No |
| Banking Features | Yes (chequing, credit card) | No |
| Crypto Withdrawals | Yes (network fees apply) | Yes (covers $5/day) |
| Regulation | CIRO member | FINTRAC + OSC |
| Sign-up Bonus | Up to $5,000 | $25 |
analytics Detailed Feature Comparison
Wealthsimple vs Newton Fees
When comparing trading fees, both platforms have different structures depending on your trading volume and client tier. Understanding these differences can save active traders significant money.
Wealthsimple Fees
- Standard trading:0.05% - 2%
- High volume (Core+):As low as 0.05%
- Casual traders:Up to 2%
- Crypto withdrawals:Network fees apply
Newton Fees
- Standard trading:1.0% - 1.6%
- Signature Program:0.5% - 1% flat
- Min. for Signature:$1M+ annual volume
- Network fee coverage:Up to $5/day
Winner: It depends on volume. Wealthsimple offers lower fees for high-volume traders (as low as 0.05%), but Newton is more cost-effective for casual traders with its 1.0% - 1.6% range and free daily network fee coverage for withdrawals.
Wealthsimple Crypto vs Newton Cryptocurrency Selection
The range of available cryptocurrencies is a key differentiator. Wealthsimple offers significantly more coins, while Newton focuses on quality over quantity with higher staking rewards.
Wealthsimple Coins
Available Coins
140+
BTC, ETH, SOL, ADA, AVAX, DOT, and many altcoins. Crypto swaps available between supported coins.
Newton Coins
Available Coins
60+
BTC, ETH, SOL, ADA, AVAX, DOT, NEAR, ATOM, SUI, and popular altcoins. Curated selection focused on staking opportunities.
Winner: Wealthsimple wins on pure selection with 140+ coins vs Newton's 60+. If you want access to more niche altcoins, Wealthsimple is the better choice.
Wealthsimple vs Newton Staking Rewards Comparison
Staking rewards are where Newton truly shines. While Wealthsimple offers competitive rates on major coins, Newton provides higher APY across more cryptocurrencies.
Wealthsimple Staking
- ETH:Up to 7.5% (Core) / 9% (Gen)
- SOL:Up to 7.5% (Core) / 9% (Gen)
- ADA:Up to 7.5% (Core) / 9% (Gen)
- DOT:Up to 7.5% (Core) / 9% (Gen)
- Total coins:4
Newton Staking
- DOT:12.1% APY
- ATOM:10.3% APY
- NEAR:9% APY
- SOL:5.9% APY
- ETH, ADA, SUI:1.7% - 2.2% APY
- Total coins:7
Winner: Newton wins on staking with 7 coins vs 4, and significantly higher APY on DOT (12.1% vs ~9%), ATOM (10.3%), and NEAR (9%). For long-term holders who stake, Newton is the clear choice.
Platform Features
The scope of each platform differs significantly. Wealthsimple is an all-in-one financial app, while Newton is laser-focused on cryptocurrency trading.
Wealthsimple Features
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All-in-one financial platform
Crypto, stocks, ETFs, options, chequing, credit card, tax filing, mortgages
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Advanced trading features
Limit orders, recurring buys, crypto swaps
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Premium services
Dedicated advisor for $500K+ clients
Newton Features
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Crypto-only focus
No stocks, ETFs, or banking - pure crypto
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OTC desk for large trades
Personalized service for $30K+ trades
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Advanced order types
Limit orders, recurring buys, price alerts
Security & Regulation
Both platforms are legitimate and regulated in Canada, but they operate under different regulatory frameworks and security measures.
Wealthsimple Security
- Regulation:CIRO member
- Custodial insurance:$75M+ per partner
- Additional protection:Coincover
- Storage:Cold storage
Newton Security
- Regulation:FINTRAC (M19607029)
- Compliance:OSC across all provinces
- Uptime:99.9%
- Storage:Cold storage
Note: Neither platform offers CDIC or CIPF protection for crypto holdings, as these only apply to traditional securities and deposits. Both use cold storage and follow industry security standards.
Wealthsimple
Pros
- add_circleLargest coin selection (140+)
- add_circleAll-in-one platform (stocks, banking, tax)
- add_circleLower fees for high-volume traders
- add_circleBigger sign-up bonus (up to $5,000)
Cons
- remove_circleHigher fees for casual traders (up to 2%)
- remove_circleFewer staking options
- remove_circleNetwork fees on crypto withdrawals
Newton
Pros
- add_circleMore staking coins with higher APY
- add_circleFree e-Transfer deposits
- add_circleCovers $5/day in network fees
- add_circleOTC desk for large trades ($30K+)
Cons
- remove_circleSmaller coin selection (60+)
- remove_circleCrypto-only (no stocks or banking)
- remove_circleSmaller sign-up bonus ($25)
person_search Who Should Choose Which?
Choose Wealthsimple If You...
- check Want crypto, stocks, and banking in one app
- check Trade high volumes for lower fees at scale
- check Want access to 140+ cryptocurrencies
- check Prefer a polished, beginner-friendly app
- check Want the bigger sign-up bonus (up to $5,000)
Choose Newton If You...
- check Focus exclusively on cryptocurrency
- check Want higher staking rewards (up to 12%)
- check Regularly withdraw crypto to external wallets
- check Make large trades ($30K+) via OTC desk
- check Prefer free instant e-Transfer deposits
Frequently Asked Questions
Is Wealthsimple or Newton better for crypto fees? expand_more
Which platform has better staking rewards? expand_more
Can I withdraw crypto from both platforms? expand_more
Which platform is safer? expand_more
Can I use both Wealthsimple and Newton? expand_more
Final Verdict
For most Canadians, Wealthsimple is the better choice. Its all-in-one platform lets you manage crypto, stocks, ETFs, and banking in a single app, with 140+ coins and a polished user experience. The tiered fee structure rewards active traders.
However, if you're a crypto-focused investor who prioritizes staking rewards, Newton is worth considering. Its higher APY on coins like Polkadot (12.1%) and Cosmos (10.3%), plus free daily network fee coverage, make it ideal for long-term holders who stake and occasionally withdraw to external wallets.